US natural gas price is exploding higher
- Thread starter CDDP
- Start date
American Deplorable
Elite
I was proud of Europe for making moves to reject Russian gas. They see Russia losing on every front and are willing to see the dagger all the way through to the Russian heart.
AgEngDawg
Legendary
LOL, we are going to start burning coal again.
I was in the energy industry a few years back. I worked in coal power production.
In the early part of this century there was this thought that we would never go away from coal, because natural gas can get expensive.
However, around 2017, there was this thought in the industry that natural gas prices would never go up. They thought they would be stable forever.
It convinced a lot of people to start closing coal plants and let natural gas be the backbone of the industry.
Well lookee what is happening now.
By the way, low energy prices due to low natural gas prices allowed a mini manufacturing renaissance in this country. I guess that is getting thrown away for Ukraine.
Fuck Ukraine btw.
I was in the energy industry a few years back. I worked in coal power production.
In the early part of this century there was this thought that we would never go away from coal, because natural gas can get expensive.
However, around 2017, there was this thought in the industry that natural gas prices would never go up. They thought they would be stable forever.
It convinced a lot of people to start closing coal plants and let natural gas be the backbone of the industry.
Well lookee what is happening now.
By the way, low energy prices due to low natural gas prices allowed a mini manufacturing renaissance in this country. I guess that is getting thrown away for Ukraine.
Fuck Ukraine btw.
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AgEngDawg
Legendary
Fuck the Europeans.
American Deplorable
Elite
The manufacturing renaissance is still on track and picking up steam.
Chips Act will continue to help this as well.
AgEngDawg
Legendary
Not when energy price increases hit. The Russian speaking eastern border of Ukraine is not worth shit.
American Deplorable
Elite
That simply isn’t true. The manufacturing renaissance is happening regarding the energy prices. Most of these place have already borrowed and in many cases are already building.
Even in those cases those prices will just be passed along to the consumer.
Nothing can stop what’s coming!
They're retarded for not turning on their Nuclear.
Good development.
They should have done it when Trump predicted this shit show.
American Deplorable
Elite
Yeah energy isn’t the problem. It’s woke climate bitches.
AgEngDawg
Legendary
No, with increase costs they will offshore to Vietnam, etc.
American Deplorable
Elite
Some might but most are staying home because of the tax breaks for staying domestic and the reduced cost of shipping because of the high price of fuels.
US manufacturing is at a three year high and expected to grow through at least 2024 even with the recession.
U.S. manufacturing production near three-year high in November
Production at U.S. factories increased to its highest level in nearly three years in November as output rose across the board.
AgEngDawg
Legendary
Some might but most are staying home because of the tax breaks for staying domestic and the reduced cost of shipping because of the high price of fuels.
US manufacturing is at a three year high and expected to grow through at least 2024 even with the recession.
U.S. manufacturing production near three-year high in November
Production at U.S. factories increased to its highest level in nearly three years in November as output rose across the board.www.cnbc.com
Dude, do you know how cheap it is to ship something across the pacific in those massive container ships?
American Deplorable
Elite
Yes. That doesn’t mean these companies are all going to outsource. In fact most of the renaissance is based on domestic tax breaks and subsidies specifically to bring the supply chains and manufacturing home.Dude, do you know how cheap it is to ship something across the pacific in those massive container ships?
It’s ok to just admit you were wrong.
AgEngDawg
Legendary
LOL, no you are wrong.
Increased energy costs will push a lot of them into the red. There goes your renassance.
It is time to cut Ukraine loose. They are a millstone around our neck.
All by design to enslave the masses.
You'll own nothing and be happy when they offer you a drop of water
American Deplorable
Elite
What are you five? You don’t really think increases to fuel costs alone actually puts businesses in the red do you? Do you really not believe that cost will simply be passed along to the consumer? LOL
Not sure what Russia’s war of aggression has to do with businesses going overseas but you’re obviously already off the reservation so I’m not bothering even trying to figure it out. It’s not like Europe or The US will start buying Russian energy again after Ukraine wins the war. The sanctions will be in place for decades at this point.
What happens when the companies costs go up faster than wages and their products get priced out of reach to their target consumers?
American Deplorable
Elite
Product prices have been going up quicker than wages for decades and it hasn’t stymied consumer spending so the idea that they would ever get priced out of reach is just not something serious people worry about.
Look at the prices of homes and cars over the past two years. Prices have skyrocketed and demand has remained high. The price of the goods is never the problem. The only time consumer spending decreases is when the velocity of money dips.
We could see a decline in the velocity of money here as The Fed increases rates but it will also bring down the prices of goods and inflation so it will be an overall push.
Anotyer thread ruined by our resident troll. Fuck yall dumbasses for replying to that shit.
American Deplorable
Elite
How does someone ruin a thread? Did someone stop you from posting what you wanted?
Jtrain80
Legendary
+1. She has bad take #848 and still people reply. What gives?
It's like replying to a questionnaire from Pence and Romney. Fuck them and any idea they have ever had.
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